Cash flow statement 64 Rabobank Group Annual Report 2002 (in EUR millions) 2002 2001 Cash flow from operational activities Operating profit/Group profit after taxation 1,459 1,398 Adjustments for: - depreciation 368 368 - value adjustments to receivables 500 480 - value adjustments to financial fixed assets 252 59 - movements in technical reserves relating to the 939 1,439 insurance business - movements in other provisions (937) (19) - movements in accrued and deferred items 4,734 (2,591) 5,856 (264) Cash flow from business operations 7,315 1,134 Movements in short-term government paper 3,498 2,051 Movements in securities trading portfolio 3,340 198 Movements in securitised loans (154) 159 Movements in banks (675) (4,294) Movements in lending (17,138) (17,428) Movements in funds entrusted (542) 25,469 Other movements from operational activities (469) (8,793) (12,140) (2,638) Net cash flow from operational activities (4,825) (1,504) Cash flow from investing activities Investments and purchases - investment portfolios (22,495) (35,864) - participating interests (126) (39) - tangible fixed assets (802) (869) (23,423) (36,772) Disposals, redemptions and sales - investment portfolio 23,801 29,676 - participating interests 136 457 - tangible fixed assets 333 202 24,270 30,335 Net cash flow from investing activities 847 (6,437) The cash flow statement Cash flow from financing activities provides a summary of the Rabobank Membership Certificates 1,575 1,384 net movements in operatio Movements in subordinated loans 59 (1) nal, investing and financing Movements in debt securities 3,225 8,627 activities. Payment on Rabobank membership certificates and Cash and cash equivalents Trust Preferred Securities (206) (122) consist of legal tender and Net cash flow from financing activities 4,653 9,888 balances available on demand with central banks. Net cash flow 675 1,947

Rabobank Bronnenarchief

Annual Reports Rabobank | 2002 | | pagina 66